Canada Establishes C$25 Billion Sovereign Wealth Fund
Prime Minister Mark Carney announced the creation of a national wealth fund to support domestic projects. The fund will partner with the private sector.
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The government of Canada has announced the establishment of its first-ever sovereign wealth fund, a move aimed at securing long-term economic growth through strategic domestic investments. Prime Minister Mark Carney revealed on Monday that the fund, named the Canada Strong Fund, will begin with an initial endowment of C$25 billion ($18.38 billion).
